At the general meeting on Tuesday, 24th September 2024, 1. FC Köln once again presented positive business figures. Managing Director, Philipp Türoff presented both the figures of 1. Fußball-Club Köln 01/07 e.V. and 1. FC Köln GmbH & Co. KGaA to the members.
1. FC Köln remains on the road to economic recovery. Even after a difficult 2023.24 season in sporting terms, 1. FC Köln GmbH & Co. KGaA was able to report positive figures. As in the previous year, revenue of just under 160 million euros and earnings of almost 12 million euros are at a good level. Therefore, FC was able to present a very positive result even without extraordinary income, which played a big role in the previous year's result.
"We are much healthier economically today than we were two years ago. Debt has been reduced and equity strengthened," said Philipp Türoff, noting that FC's equity ratio of 28% puts it back in mid-table of clubs in the Bundesliga and 2. Bundesliga. The FC managing director went on to explain: "Last season was the last time that sponsorship income was affected by the early sale of receivables. In the current season, the marketed sponsorship income is therefore available in full again."
In his speech, Türoff thanked everyone who had contributed to the positive figures: the members and fans, the sponsors and partners, the financial partners for their trust in turbulent times as well as the partners in the Stadt Köln, the employees, committees and board members. "We all serve FC with the aim of making sporting success possible, that is the top priority. Economic stability is a prerequisite for this that should not be underestimated," emphasised Türoff.
The figures presented by the corporation for 2023-24 are a preliminary result. The annual financial statements are expected to be certified by the auditors in October.
The balance sheet of 1. Fußball-Club Köln 01/07 e.V. for 2023/24 shows a surplus of EUR 337 thousand as of 30th June 2024. "The improved result is mainly due to the increase in membership fees as a result of the growth in membership," said Türoff. "This also shows the fruits of our efforts to make FC membership more attractive and build a stronger bond with our fans."
The financial position of 1. Fußball-Club Köln 01/07 e.V. as of 30th June 2024 shows positive equity of EUR 3,621 thousand (previous year: EUR 3,284 thousand). Liquidity is secured in the short and medium term.
The key figures in detail
1. FC Köln GmbH & Co. KGaA (reporting date: 30th June 2024)
Annual sales: EUR 159.0 million (previous year: EUR 172.2 million)
Net income after taxes: EUR 11.8 million (previous year: EUR 12.4 million)
Liabilities: EUR 37.8 million (previous year: EUR 50.5 million)
Equity: EUR 26.0 million (previous year: EUR 15.7 million)
1. Fußball-Club Köln 01/07 e.V. (reporting date: 30th June 2024)
Net profit for the year after taxes: EUR 337 thousand (previous year: EUR 251 thousand)
Equity: EUR 3,621 thousand (previous year: EUR 3,284 thousand)
